Blog - Page 3584 of 5766

WednesdayApr 13, 2011 1:51 pm

UnionTown Energy Inc. (UTOG) Signs Non-Binding Letter of Intent to Acquire an Oil and Gas Property in Northwest Montana

UnionTown Energy Inc., a company that focuses on acquiring, developing, and producing oil and natural gas properties in North America, has announced that it has signed a non-binding Letter of Intent (LOI) to acquire the 11,000+acre Teton River oil and gas property located in northwest Montana. A non-refundable deposit worth $100,000 has been given in advanced upon signing the LOI, which will be applied to the final purchase price. The specific terms of the agreement are being finalized and will be announced upon closing of the transaction, which is expected to take place in the next 30 days. The Swift…

WednesdayApr 13, 2011 1:48 pm

CDC Corp. (CHINA) Updates on Private Equity Fund Investment

CDC Corp., a leading China-based value-added operator of, and growth investor in, hybrid enterprise software, IT services, and new media assets, today issued an update on its subsidiary's investment in a Beijing-based private equity fund. CDC said the investment has been producing significant returns; China.com, the subsidiary, has committed approximately (USD) $14.0 million in the PE Fund, and has received approximately (USD) $3.0 million in distributions since 2009. “We are very pleased with the impressive return on our investment,” Sammy Cheng, CFO and executive director of China.com stated in the press release. “China.com plans to collaborate with certain of the…

WednesdayApr 13, 2011 11:46 am

STWA Inc. (ZERO) to Begin Phase II Testing on Its Improved Fuel-Economy Technology

STWA Inc. is an innovative company creating technology focused on energy efficiency of large-scale energy production and improved fuel economy for diesel fleets. The company's patented and patent-pending technologies provide efficient and cost-effective means of improving the efficacy of crude oil transport and diesel energy. The company today announced that it is about to start Phase II testing of its 'Applied Oil Technology' (AOT) prototype unit at the US Department of Energy's Rocky Mountain Oilfield Testing Center in Casper, Wyoming. Phase II testing of STWA's prototype unit, developed with the Colfax Corporation, will take place in a real world oil…

WednesdayApr 13, 2011 11:43 am

Mainland Resources, Inc. (MNLU) Finds Multiple Potential Pay Zones in Buena Vista Well

Mainland Resources, an oil and gas exploration company focused on Louisiana and Mississippi, has announced that their Burkley-Phillips #1 well in the Buena Vista prospect area of southwest Mississippi has revealed multiple potential pay zones, meaning a strong potential to be an economically viable project as the company designs a production plan. The primary zone is a Deep Bossier Shale, in a Bossier Formation interval of at least 2,000 feet, encountered at 19,960 feet. The well was drilled to 22,000 feet. Analysis shows that the shale rock properties are similar to high productivity Bossier wells in northwest Louisiana and east…

WednesdayApr 13, 2011 10:38 am

LML Payment Systems Inc. (LMLP) Video Chart for Wednesday, April 13, 2011

LMLP is hitting the watchlist today for a possible reversal. While the indicators aren't quite there yet, they appear to be giving early signs of a reversal as the stock holds the 200 day simple moving average. To view the video chart, visit the following link: http://www.qualitystocks.net/videocharts.php Let us hear your thoughts below:

WednesdayApr 13, 2011 9:45 am

Independent Report Concludes CAMAC Energy, Inc.’s (CAK) OML 120 & 121 Blocks Host Substantial Quantities of Oil

CAMAC Energy Inc., a U.S.-based energy company focused on exploring for, developing and producing oil and gas, was excited to announce today the results of an independent engineering report prepared by Netherland, Sewell & Associates, Inc. (NSAI) for the purpose of estimating the total resource in place at the OML 120 & 121 Blocks situated offshore Nigeria. The report concluded that the best estimate for gross undiscovered original oil-in-place for OML 120 & 121 is 1.9 billion barrels with a high of 6.3 billion barrels; and the best estimate for associated recoverable gross contingent and unrisked prospective oil resources is…

WednesdayApr 13, 2011 8:20 am

Ness Technologies, Inc. (NSTC) Wins $17 Million Deal

In a short period of time, Ness has evolved into a global power that provides IT and business services and solutions with specialized expertise in software product engineering, system integration, application development, and consulting and software distribution. Today, Ness announced they have been awarded a $17.3 million deal by Israel Electric Corporation (IEC). Ness will implement SAP-based projects, which include software testing. Ness won this deal as lead contractor in an international public tender with the project including implementation of SAP solutions for the maintenance of power station and the electricity network. One of the leaders of the IEC is…

WednesdayApr 13, 2011 8:12 am

Zynex, Inc. (ZYXI) Prepares for First Evaluation of New Blood Monitor

Yesterday, Zynex, Inc. announced that its new blood volume monitor medical device would be entering its first clinical evaluation, to be performed by OmniaVicinit, Llc. The device is being developed by Zynex Monitoring Solutions, a subsidiary. Zynex is a provider of pain management systems and electrotherapy products for medical patients with functional disability. The company engineers, manufactures, markets and sells its own design of medical devices under three subsidiaries: Zynex Medical, Zynex Monitoring Solutions, and Zynex NeuroDiagnostic. The Zynex product line is FDA approved and is intended to improve quality of life for sufferers of strokes, spinal cord injuries and…

WednesdayApr 13, 2011 8:11 am

American Eagle Energy Inc. (AMZG) Updates Oil and Gas Operations in North America

American Eagle Energy Inc. issued an update to the investment community on its oil and gas operations in the United States and Canada, where the company is currently focused on exploring and developing properties in the Williston Basin. American Eagle Energy Inc. reported that the Hardy 7-9 well has restarted production after the company completed repairs at the site. The well is located in the Hardy Field in Saskatchewan, Canada and is currently producing 40 barrels of oil per day. American Eagle Energy Inc. plans to drill an offset well targeting the Bakken formation near the Hardy 7-9 wells and…

TuesdayApr 12, 2011 3:58 pm

Network Equipment Technologies, Inc. (NWK) Subsidiary to Exhibit at Tactical C4 Conference from April 19-21

Today, NET Federal, a wholly owned subsidiary of Network Equipment Technologies, Inc., announced that it will be presenting at the Tactical C4 Conference and Exhibition at the Georgia International Convention Center in Atlanta, GA on April 19-21, in booth 218b. The conference is a forum for building solutions on key issues for the Army tactical signal community. NET Federal's booth will feature a live demonstration of the company's VX Series secure VoIP gateway. The VX Series interoperates with legacy PBXs and next generation IP-based voice platforms. It is optimized for government use and provides advanced MLPP, SCIP relay, and border…

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